Clara, a São Paulo-based corporate spending management startup, raised $105 million to expand its sales and engineering teams, build out artificial intelligence tools and enter new markets as it develops more financial products.
Anthropic is seeking a fully diluted valuation of about $1.4 trillion in its initial public offering. The Claude chatbot maker is looking to make history as the first frontier artificial intelligence lab to go public, seeking to raise as much as $90.4 billion in the IPO and a private placement. Lisa Abramowicz and Annmarie Hordern have the details on Bloomberg Television. (Source: Bloomberg)
Alibaba Group Holding Ltd.’s chip design unit T-Head has filed for a Hong Kong initial public offering, moving ahead with a proposed spinoff of a business that supplies data center processors in China.
Africa’s biggest refinery attracted about 5.85 trillion naira ($4.1 billion) of applications for shares in the continent’s largest public offering to date, almost three times the amount it sought to raise, according to people familiar with the matter.
Nvidia’s general counsel intervened in a US government probe of suspected smuggling of AI chips by Megaspeed International. That information raises fresh questions about the company’s ability to influence US investigations into breaches of China chip curbs. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
Enza Capital is targeting as much as $80 million in a fund that the pan-African venture firm will invest in artificial-intelligence projects as the continent lags behind other regions in funds deployed to the industry.
Sea Ltd. shares fell after the Southeast Asia e-commerce leader reported earnings that missed estimates, stoking investor concerns about the cost of keeping pace in the AI race.
Anthropic PBC’s bankers are weighing plans to increase the company’s valuation in its initial public offering to $1.5 trillion or more, the Financial Times reported, a sign of robust demand from investors.
Jensen Huang spent decades building Nvidia. Now, he’s embroiled in a scandal after admitting to an affair with a woman who US intelligence reportedly suspect was spying for China, throwing into turmoil a company at the center of the US-China AI chip battle. (Source: Bloomberg)
Bloomberg understands Nvidia’s general counsel intervened in a US government probe of suspected smuggling of AI chips by Megaspeed International, questioning whether the Trump administration played a role in detaining an executive from the Singapore-based firm who’s now at the heart of a scandal threatening Jensen Huang.
Anthropic is set to kick off the formal marketing of its blockbuster initial public offering as early as Tuesday after an apparent snafu over the filing documents added a dose of last-minute drama to a nervous market.
President Donald Trump said further strikes on Iran wouldn’t be necessary but the US remains “locked and loaded,” an indication that he’s winding down the conflict after Republicans’ midterm elections loss underscored its deep unpopularity.
Guests: Greg Peters, PGIM Credit Co-CIO; Karen Ward, JPMorgan Asset Mgmt EMEA Chief Market Strategist; Kjerstin Braathen, DNB CEO; Ian James, Jaguar TCS Racing Team (Source: Bloomberg)
Anthropic is set to kick off the formal marketing of its blockbuster IPO as early as Tuesday after an apparent snafu over the filing documents added a dose of last-minute drama to a nervous market. Monday’s brief clerical misstep, in which a leaked prospectus mistakenly dangled a $69.3 billion fundraising target before getting retracted, provided an unexpected jolt to investors preparing for the Claude chatbot maker’s offering. Bloomberg Intelligence's Matt Bloxham has the details. (Source: Bloomberg)
State Street Equity Research Head Marija Veitmane discusses the outlook for tech stocks following last week's selloff. "The market can kind of sell out of tech, but then it really, really struggles to find where to go," Veitmane tells Bloomberg Television. (Source: Bloomberg)
After a bruising week for artificial intelligence stocks, CoreWeave Inc. faces a high bar to convince Wall Street that the AI trade is alive and well when it reports earnings after the bell.
Siemens AG agreed to buy family-owned Lauterbach GmbH to expand its chip-design portfolio, part of a strategy of acquiring specialist technology firms to help meet rising demand for state-of-the-art semiconductors.
The fate of failed Australian department store David Jones may not be known for months after the retailer’s administrators said they would seek additional time to pursue a sale or recapitalization.
